Diamondrock Hospitality Co reports results for the quarter ended September 30 - Earnings Summary

DiamondRock Hospitality Co

09/11/2024 12:28

* Diamondrock Hospitality Co  DRH.N  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for earnings of
13 cents per share. Wall Street expected results to range from
11 cents to 14 cents per share.
    * Revenue rose 3.1% to $285.13 million from a year ago;
analysts
expected $286.68 million. 
    * Diamondrock Hospitality Co's reported EPS for the quarter
was 11
cents​.
    * The company reported quarterly net income of $23.98
million.
    * Diamondrock Hospitality Co shares had risen by 6.0% this
quarter and lost 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Diamondrock
Hospitality Co is 10.00 
This summary was machine generated from LSEG data November 9 at
12:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.27           0.26           Missed
 Jun. 30 2024      0.32           0.34           Beat
 Mar. 31 2024      0.16           0.17           Beat
 Dec. 31 2023      0.18           0.18           Met